RELEASE: REIMBURSEMENT FOR VETERANS’ INSURANCE LICENSING EXAMINATIONS

HONOLULU – Examinations required for licensure by the Insurance Division, Department of Commerce and Consumer Affairs, have been officially approved by the U.S. Department of Veteran Affairs (“VA”) under the GI Bill® Reimbursement Program as eligible for examination fee reimbursement, effective Jan. 1, 2018.

Veterans who take a Hawaii insurance licensing examination required by the Insurance Division can be reimbursed for the cost of the exam. However, the VA will pay only the examination fee. Fees associated with obtaining a license are not reimbursable. Payment will be issued after required information is submitted to the VA.

“We are appreciative of this approval,” said Hawaii Insurance Commissioner Gordon Ito. “We want to encourage and assist our veterans to pursue a career in insurance. Employment in the insurance industry is not often considered. However, the industry, even on the regulatory side, provide excellent career opportunities. With the looming retirement of many in the industry, upward mobility is evermore present.”

The VA will reimburse veterans for the cost of each licensing examination taken. There is no limit to the number of examinations taken or number of times an individual takes the same test. The examination fee will be reimbursed by the VA even if an individual fails the examination.

The following insurance licensing examinations qualify for reimbursement: